Key Developments: Hofseth Biocare ASA (HOFBC.OL)

HOFBC.OL on Oslo Stock Exchange

3.73NOK
28 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Hofseth Biocare ASA replaces damaged critical part in production and sells more fresh salmon oil
Wednesday, 20 Aug 2014 02:50am EDT 

Hofseth Biocare ASA:Says has revealed a damage to the steam boiler, which is a vital part of the production process at HBCs plant in Midsund.Says the damage is covered by HBCs insurance, both in terms of actual equipment replacement and operational business interruption insurance.Says the shut down will not cause inconvenience to HBC until the equipment is replaced in mid-November.Says has also received an order for fresh salmon oil from a UK customer.  Full Article

Hofseth Biocare has received an order for fresh salmon oil capsules from a Finnish customer.
Monday, 28 Jul 2014 06:10am EDT 

Hofseth Biocare ASA:Says has received order for fresh salmon oil capsules from a Finnish customer.Says entered into an exclusivity agreement with the customer on encapsulated salmon oil to the Finnish market for the next three years.Says 1st delivery occurs during the summer of 2014.Says products will be sold in one of Finland's retailers with more than 1,600 outlets.  Full Article

Hofseth Biocare elects Ernst&Young AS new auditor
Tuesday, 22 Jul 2014 09:37am EDT 

Hofseth Biocare ASA:Elects Ernst&Young AS new auditor of the company.Says the decision was made during Extraordinary General Meeting held on June 22.  Full Article

Codfarmers AS to reach 10.25 pct in Hofseth Biocare
Friday, 11 Apr 2014 02:20am EDT 

Hofseth Biocare ASA (HBC):Says Codfarmers AS has been allocated 10,000,000 HBC shares.The shares represent 10.25 percent of total outstanding shares in HBC after the completion of the private placement.Codfarmers did not own any shares in HBC prior to the transaction.Subscription price was 4.50 Norwegian crowns per share.Codfarmers is a company controlled by Friendmall Ltd.  Full Article

Hofseth Biocare raises NOK 90 mln in private placement
Friday, 11 Apr 2014 02:05am EDT 

Hofseth Biocare ASA:Says has raised 90 million Norwegian crowns in gross proceeds through private placement of 20 million new shares.Will use the proceeds for general corporate purposes mainly within Marketing and Sales activities, conversion of shareholder loans and trade payables, repayment of overdue trade payables and working capital.Subscription price was 4.5 crowns per share.The shares to be issued upon completion of the private placement will represent about 25.8 percent of the current outstanding share capital of the company.  Full Article

Hofseth Biocare announces sales of fresh salmon oil for pet nutrition in Swedish store chain
Wednesday, 19 Feb 2014 02:55am EST 

Hofseth Biocare ASA:Receives confirmation of product listing from one of retailers in Sweden.Says the listing is on finished products of fresh salmon oil for dogs and cats nutrition.Products from Hofseth BioCare will be included as standard product range in 160 stores as well as optional range in another 160 stores.  Full Article

Hofseth Biocare receives orders from Budo & Fitness in Sweden
Tuesday, 18 Feb 2014 06:52am EST 

Hofseth Biocare ASA:Receives orders from Budo & Fitness in Sweden on sales of encapsulated fresh salmon oil.Says first delivery occurs within Q1.Budo & Fitness is a sports chain in Sweden specializing in Budo & Fitness products.Says the salmon oil is encapsulated in Norway as private label for Budo & Fitness.  Full Article

Hofseth Biocare says Japanese retailer will test sell salmon oil and marine calcium
Thursday, 13 Feb 2014 03:50am EST 

Hofseth Biocare ASA:Says a retail chain will do test sales of salmon oil and marine calcium in its stores.Says the test sale will take place from Q2 2014 and the products will be sold in up to 100 stores in Tokyo.Says the international retail chain do not sell marine oils as per Feb. 13 and the management has since autumn of 2013 assessed HBCs fresh salmon oil and marine calcium for sales in their stores.  Full Article

Hofseth Biocare and Recon announce salmon oil patent grant in Singapore
Monday, 30 Dec 2013 07:35am EST 

Hofseth Biocare ASA and Recon Oil P. Ltd:Announce the grant of their Singapore patent application No. 201103114-3 entitled A method of lowering circulating oxidized low density lipoprotein beta-2-glycoprotein 1 complex for treatment of atherosclerosis.Say both parties are continuing to pursue this patent application in other jurisdictions globally.  Full Article

Hofseth Biocare says new mixing technology and enzymes show promising results
Monday, 30 Dec 2013 07:18am EST 

Hofseth Biocare ASA:Says has been working with the development of more efficient mixing systems and enzymes for use in the production facility in Midsund.Says the results show a considerable rationalization of the enzymatic hydrolysis process for production of fresh salmon oil, marine proteins and marine calcium.Says tests were conducted in Germany and showed reduction of hydrolysis time compared to the time today.Finds results promising and will continue in 2014 to plan implementation of the new technology and enzymes at the Midsund plant.Says the tests also show that the batch sizes may be increased somewhat in volume.  Full Article

BRIEF-Hofseth Biocare ASA replaces damaged critical part in production and sells more fresh salmon oil

Aug 20 - Hofseth Biocare ASA : * Hofseth Biocare ASA : replaces damaged critical part in production and sells

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